What will be the approximate amount of the loan

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Given the following information, calculate the overall value. high-rise office building of 400,000 square feet. NOI of $12.50 per square foot. capital Expenditures: $950,000 cap rate: 6%

If a loan based on 70% LTV is placed on the building in the preceding question, what will be the approximate amount of the loan?

Reference no: EM132065883

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